Choppiness Continues For Dow Jones Industrial Average

Market technician Dave Chojnacki of StreetOne Technical Analysis dives into the underlying technicals for the major U.S. averages.
Existing home sales came in weaker than expected on Friday, continuing to demonstrate the slow housing market. Equities looked past the report and opened higher as they attempted to bounce off the big loss in the prior session. Interest rates and Trade continue to wear on the Market. It was a choppy session on Friday in a choppy week. The major indices traded near their 200D moving average during the week.
On Friday, the major averages ended the day little...Read more ...

Childcare Costs More Than College Tuition in 28 U.S. States

The economy is hot, hot, hot, isn't it? Unemployment is historically low. The stock market is on a winning streak. Corporate earnings are booming .
But ya know who's not feeling that economic vitality? Parents, specifically at the moment every week or month when they go to pay for childcare. Even with the economy seemingly firing on all cylinders, childcare is still unaffordable in every single U.S. state and the District of Columbia.
Two years ago the Department of Health and Human Services set a new standard for affordable child care: it shouldn't cost more than 7% of a family's income...Read more ...

U.S. Housing Market Continues To Deteriorate

From Bryce Coward, CFA :
Today, economy watchers were treated to more of the same from the housing market. That is, more weak numbers suggesting we may have seen the peak in housing activity for the cycle.
This fits with our earlier analysis that higher lending rates - a function of both long-term government bond yields and short-term funding costs for banks - are starting to permeate one of the most cyclical areas of the economy. It is the consequence of monetary policy tightening, which as we know produces its intended effects with “long and variable lags”.
The metric of interest today...Read more ...